FAQ

How does the Smart Pricing engine value SC vacant land?

Smart Pricing turns county comp data and parcel-specific facts into three actionable price tiers in under five seconds. The data sources, adjustment logic, and output format are all documented here so you know what you are looking at.

1. What data does Smart Pricing use?

   Two layered sources. (1) PRYCD comp data provides recorded vacant-land sales across all 46 SC counties, refreshed regularly. (2) LandXchange supplements with its own database of SC vacant-land transactions sourced from county assessors and recorded sales. The engine uses whichever data set is denser for your county and sub-county cluster.

2. What parcel-level adjustments does the engine apply?

   Eight adjustments matter most. Acreage band (smaller parcels price higher per acre, larger parcels lower). Road access (paved frontage > county-maintained dirt > deeded easement > landlocked). Utilities (electric on-site adds value; water available adds value). Flood zone designation (Zone AE or VE materially discounts). Wetlands percentage (linear adjustment by percent jurisdictional). Perc test status (passed adds 10 to 15 percent, failed shifts the buyer pool). Timber value (significant standing timber adds 15 to 20 percent). Conservation easements (substantial discount, narrower buyer pool).

3. What do the three price tiers mean?

   Cash-fast: 70 to 80 percent of market, what an investor pays today for a 2 to 3 week close. Market: 95 to 105 percent of comp median, the price most direct-buyer transactions clear at, 30 to 90 day timeline. Premium: 110 to 130 percent of market, what a buyer pays for flexible terms (seller-financing, longer due diligence, contingent contract). You pick the tier that matches your timeline and willingness to wait.

4. Is Smart Pricing an appraisal?

   No. Smart Pricing is informational and intended to help you set an asking price and understand market conditions. A formal appraisal from a SC-licensed appraiser is required for bank financing, 1031 exchanges, estate-tax valuations, and divorce or court-ordered valuations. LandXchange does not provide formal appraisals and does not act as an appraiser.

5. How often does Smart Pricing update?

   The underlying comp data refreshes regularly as new sales close. Each time you run Smart Pricing on a parcel, you get the freshest available data. Listings re-pull their pricing when you edit the listing or republish.

LandXchange is a marketplace technology platform, not a real estate broker, law firm, or appraiser. Information here is general — for specific transactions, work with a licensed professional.